The Business Times, 17 May 2012

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Microfilm: NL32011
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, May 17, 2012
    25 words
  • Article, Illustration
    Lock icon ‘Grexit’ in the air, fear on the ground here
    959 1  -  Greek exit and breakup of eurozone will hit S’pore markets, exports and economy By TEH SHI NING, EMILYN YAP [SINGAPORE] From boardrooms to treasuries and trading desks, a breakup of the eurozone is now looking like a distinct possibility. Singapore is
    BLOOMBERG  -  959 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 HST INDEX 2,831.15 (-45.55) HST INDEX FUTURES 2,831 (-46) HSIMSCI 323.23 (-6.10) HSIMSCI FUTURES 322.90 (-6.10) US$ S$ US$ (S$ per US$) 1.269 (US$/S$ per 1.595 2.025 EURO (US$/S$/E) 1.272 1.614 Foreign currency per US$ S$ YEN 80.40 63.30 RM 3.114 2.454 HK$ 7.769 6.121 BAHT 31.50 24.82 RUPIAH
      110 words
    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.363 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg
      18 words
  • Article, Illustration
    Lock icon New qualification to alter accountancy DNA
    905 1  -  Council chief says programme will transform the sector By LYNETTE KHOO [SINGAPORE] The chief executive of the Pro-Tem Singapore Accountancy Council (SAC) says that he is ready to change the very DNA of the sector. The key to this is a globally recognised professional
    NTU WEBSITE  -  905 words
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      120 1 COMMENTARY Contrarian thinking for wealth creation PAGE 23 BizIT S’pore piracy rate falls but dollar value rises PAGE 29 PROPERTY S’pore office rents dip 1% PAGE 31 S’PORE ARTS FEST Fangs for the memories PAGE 21 Singapore, Hong Kong and Tokyo remain the three most expensive office locations in Asia
      120 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      602 2 ‘Grexit’ in the air, fear on the ground here FROM boardrooms to treasuries and trading desks, a breakup of the eurozone is now looking like a distinct possibility. Singapore is certain to feel the impact of a Greek exit (“Grexit”) from the eurozone now seen by economists as
      602 words
    • Article, Illustration
      Lock icon Changi Motorsports Hub retires into pit lane
      650 2  -  Site to be returned to SSC today, but project may be revived next year By LYNN KAN [SINGAPORE] The Republic will not be getting a shiny new racing centre anytime soon. The land for what was to have been the 41-hectare Changi Motorsports
      ST FILE PHOTO  -  650 words
    • Article
      Lock icon JPMorgan’s Flavel relocates to S’pore
      156 2 Reuters [SINGAPORE] JPMorgan’s head of high net worth business, Peter Flavel, is relocating to Singapore from Hong Kong to boost its private banking presence in the city-state and build its regional wealth management operation. Mr Flavel, who moved to Hong Kong in 2011, joined the
      Reuters  -  156 words
    • Article, Illustration
      Lock icon Euro backers emerge, but sceptics outnumber them
      662 4  -  Greece’s eurozone exit would ramp up pressure on other weak members By EMILYN YAP [SINGAPORE] For every one optimist on the euro, there are many more doubters ready to empty his half-full glass. A contrarian view making its rounds in the market suggests
      Source: Bloomberg  -  662 words
    • Article, Illustration
      Lock icon Industrial production in April beats forecasts
      643 4 LATEST US DATA Bloomberg AP [WASHINGTON] Industrial production in the US climbed more than forecast in April, propelled by gains in auto manufacturing and utility use. Output at factories, mines and utilities increased 1.1 per cent last month the most since December 2010 after
      Bloomberg; AP  -  643 words
    • Article, Illustration
      Lock icon Straight PAP-WP fight in Hougang by-election
      881 4  -  By LEE U-WEN [SINGAPORE] The battle for the vacant Hougang parliamentary seat will be a straight one-on-one fight between the ruling People’s Action Party (PAP) and the opposition Workers’ Party (WP) after all. After much speculation that the May 26 polls could be contested
      LIM SIN THAI/THE STRAITS TIMES  -  881 words
    • Article
      Lock icon Gold up from 41/2-month low
      384 4 Gold up from 4 1 /2-month low Reuters [LONDON] Gold recovered from its lowest since late December yesterday, edging back into positive territory as US stocks opened higher and after speculation that Germany and France will act to keep Greece in the eurozone lifted the euro into the black. Spot
      Reuters  -  384 words
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      66 words
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      194 words
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      191 3 www.vw.com.sg V, J y vmi art m Q Passat ■a K 555a* '.'■±li 0 The Passat. How an executive sedan should be. This beautifully designed, German-engineered sedan has all the features you’d expect from a car of its class, and a few you might not, such as: From $179,300 0
      191 words
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      190 4 Special One-day Summit on MYANMAR THE NEW FRONTIER FOR BUSINESS INVESTMENT 31 May 2012, Marina Mandarin Hotel, Singapore Opportunities, Risks and Challenges of Doing Business in Myanmar Summit Highlights: The Political Backdrop What Reforms Mean for Business in Myanmar and on the International Front Outlook for Myanmar's Financial Markets Legal
      190 words
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      44 4 ti'h'J $5 Million Anniversary Draw Group 1 Prize snowballed to $5,794,317 Draw on Fri, 18 May 2012,9.30pm Visit www.singaporepools.com.sg for details. Ip yA Always play with care. [responsibly! Do not bet illegally. RGB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE m POOLS
      44 words
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      241 5 *r ■syf! 1 XS&J m! *1 MC w;; It Ks hi m CN Vs V- \rt g M v- fefL‘ v* I i A -I'a F J I 1 a a T flu i ill sp n w *o I rar >■ a ...r r ffiWT IM CM $r K
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  • COMPANY NEWS
    • Article
      Lock icon Rising costs, weaker demand take toll on S-chips’ Q1 results
      769 6  -  2 in 3 either report smaller profits, bigger losses or a swing into the red By LYNETTE KHOO CHINESE companies listed here or S-chips are tossing up some nasty surprises in their earnings report cards. Rising costs and waning demand
      769 words
    • Article
      Lock icon Technics Oil & Gas buys Vietnam fabrication plant
      356 6  - Technics Oil Gas buys Vietnam fabrication plant By CONRAD TAN TECHNICS Oil and Gas is paying up to $10 million for a fabrication and engineering plant in Vietnam to expand its presence there. The deal will also give Technics, a specialised maker of customised equipment used in oil and gas
      356 words
    • Article
      Lock icon Bharti close to buying Qualcomm unit: sources
      338 6 Bloomberg [MUMBAI] Qualcomm Inc is asking Bharti Airtel Ltd, India’s largest mobile-phone operator, to pay about 50 billion rupees (S$ 1.16 billion) for its Indian unit as the two companies seek to conclude talks in the next two weeks, according to two people
      Bloomberg  -  338 words
    • Article
      Lock icon Oil and gas plays float above STI on buoyant crude
      654 7  -  O&G index’s gain better than STI’s this year; analysts still upbeat on sector By KENNETH LIM HISTORICALLY high crude prices have helped the oil and gas sector to outperform the overall stock market this year, and analysts remain bullish despite
      654 words
    • Article
      Lock icon Pearl founders look set to list Kris Energy
      451 7  -  Firm understood to be deciding on listing timing By RONNIE LIM KRIS Energy formed two-and-a-half years back by the founders of former listed oil gas exploration and production (E&P) darling Pearl Energy looks set for a Singapore Exchange (SGX) listing, BT understands.
      451 words
    • Article
      Lock icon Compass Point sold for $519m or $1,925 psf
      600 7  -  Prudential UK, Frasers Centrepoint tie-up buying the mall By KALPANA RASHIWALA A JOINT venture between insurance giant Prudential UK and Frasers Centrepoint has bagged Compass Point mall in Sengkang for $519 million after its tender bid was accepted by the seller. The
      600 words
    • Article
      Lock icon Q1 results ended March 2012
      3133 10 NET PROFIT (S$M) TURNOVER (S$M) CURRENT COMPANY PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 DBS Grp 933.00 807.00 15.6 2156.00 1909.00 12.9 2 OCBC Bk 832.00 628.00 32.5 1797.00 1441.00 24.7 3 Keppel Corp 750.77 311.50 141.0 4265.60 2287.95 86.4 4 UOB 688.00 612.00 12.4 1629.00
      3,133 words
    • Article
      Lock icon Otto Marine bags US$16.6m worth of contracts
      304 11  -  With latest win, its presence in African waters will grow to 6 support vessels By GLENN CHOO OTTO Marine has clinched two ship chartering contracts worth US$16.6 million for two anchor handling tug supply (AHTS) vessels, strengthening its presence in African waters. One
      304 words
    • Article, Illustration
      Lock icon SP AusNet to raise A$434m in offer to shareholders
      353 11 SP AusNet, the Australian electricity distributor 51 per cent owned by Singapore Power, will raise A$434 million (S$547.2 million) in a share offer to existing investors to help fund expansion, Bloomberg reported. Separately, the company also said that the Supreme Court
      BLOOMBERG  -  353 words
    • COMPANY BRIEFS
      • Article
        Lock icon Stanchart joins Sands syndication
        100 11 Bloomberg LAS Vegas Sands Corp’s Singapore unit, Marina Bay Sands Pte, has attracted Standard Chartered plc to its $4.6 billion loan to refinance debt, according to three people familiar with the matter. Syndication of the facility was to have closed yesterday and the loan may be
        Bloomberg  -  100 words
      • Article
        Lock icon Frencken makes offer to buy Juken Tech
        126 11 FRENCKEN Group has made a pre-conditional offer to buy Juken Technology for 18 cents per share, or about $58.2 million in total, including payment for Juken’s outstanding warrants and options. Frencken said it believes that there is a good fit between its electronics
        126 words
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      90 words
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      76 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Greece, earnings woes hit market
      581 8  -  ST Index tumbles 1.6 per cent as shorting resumes after Tuesday’s bounce STOCKS R SIVANITHY Senior Correspondent THE short-covering bounce seen on Tuesday proved short-lived, as selling and shorting resumed yesterday to send the Straits Times Index (STI) 45.55 points or 1.6 per cent down
      Source: Bloomberg  -  581 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      63 8 May 16 VALUE CLOSE BT OB/OS -1466.00-479.00 BT CADI -*****.00-298.00 BT 10-day MA -*****.00-146.00 FTSE ST Mid Cap 651.13 -9.37 FTSE ST Small Cap 419.85 -7.50 FTSE ST All Share 683.27 -10.86 FTSE ST China Top 194.76 -3.72 FTSE ST China 225.57 -4.00 FTSE ST Catalist 868.75
      63 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 8 VOLUME Olam 85,770,000 Golden Agri 68,601,000 HPH Trust US$ 64,239,000 Genting SP 57,142,000 UniFiber 50,229,000 SingTel 40,152,000 Noble Grp 39,530,000 JEL Corp 34,298,000 IPCO Intl 21,134,000 Yangzijiang 20,987,000 VALUE($) Olam 154,451,736 SingTel 126,055,130 DBS Grp 90,735,560 Genting SP 89,539,876 OCBC Bk 76,463,420 UOB 60,872,690 HPH Trust US$
      61 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 11 4 0 0 0 1 11 4 Manufacturing 25 91 23 5 16 6 30 107 29 Commerce 7 37 11 1 4 5 8 41 16 Tpt/Stor/Comms 5 30 6
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      938 8  -  Compiled by LYNN KAN SATS May 16 close: $2.61 OCBC Investment Research, May 15 SATS Ltd reported its FY12 financial results that were mostly in line with market expectations. SATS’ FY12 profit after tax and minority interest of $171 million was 2 per cent higher than consensus estimate,
      Source: Bloomberg  -  938 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,391 16,391 71,354 71,354 Manufacturing 253,989 62,465 316,454 183,692 2,462 186,154 Commerce 265,201 20,228 285,429 262,507 3,705 266,212 Tpt/Stor/Comms 171,807 12,460 184,267 276,234 3,597 279,831 Finance 30,406 30,406 247,400 247,400 Construction 103,066 16,324 119,390 9,514
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.350 -0.070 CapitaLand 2.660 -0.030 CapitaMall 1.755 -0.035 CityDev 10.050 -0.200 ComfortDelGro 1.475 +0.010 DBS Grp 13.580 -0.190 F&N 6.570 -0.270 GLP 1.970 Genting SP 1.550 -0.040 Golden Agri 0.670 -0.020 HK Land 5.850 -0.140 JMH 50.100 +0.100 JSH 32.390 +0.290
      112 words
    • Article, Illustration
      Lock icon Euro picks up from 4-month low vs US$
      448 8 CURRENCIES Reuters [NEW YORK] The euro recovered from a four-month low against the US dollar yesterday on expectations that Germany and France will act together to keep Greece in the eurozone, though the single currency remained pressured with investors not convinced Greece
      Reuters; REUTERS  -  448 words
    • Article
      Lock icon RISES
      114 8 BY CENTS CLOSE UP DBXT S&P Short 10US$ 3874 55.8 1.1 JSH 3239 36.8 0.9 Asia Pac Brew 3450 30.0 0.9 OCBC Bk 4.5%NCPS 100 ***** 19.0 0.2 JMH 5010 12.7 0.2 Petra 250 7.0 2.9 Berger Int 13.3 5.0 60.2 DBS Bk 4.7% NCPS 100 ***** 5.0 0.0
      114 words
    • Article
      Lock icon FALLS
      127 8 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 5229 -289.4 -4.2 GLD 10US$ ***** -270.3 -1.4 DBXT iBoxxKR 5US$ ***** -253.8 -1.6 IS S&P500 ***** -191.6 -1.1 DBXT SPASX200 10US$ 3135 -181.5 -4.4 DBXT MSEurope 10US$ 3955 -145.9 -2.8 DBXT Nifty 10US$ 9043 -120.6 -1.0 DBXT FTChina25 10US$ 2528 -102.8
      127 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      1094 9 SYDNEY’S CENTRAL PARK ON EXHIBITION IN SINGAPORE SYDNEY UNIVERSITY DARLING HARBOUR SYDNEY HARBOUR BRIDGE UNIVERSITY OF NOTRE DAME CBD CHINATOWN UNIVERSITY OF TECHNOLOGY CENTRAL TRAIN STATION Si IS a? i JeSi ,1^ SYDNEY'S AUD$2 BILLION URBAN VILLAGE, CENTRAL PARK, WAS LAUNCHED TO GREAT APPLAUSE IN LATE 2010 SELLING SO SUCCESSFULLY
      1,094 words
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      117 11 Till Junk foods and red meats may contain high levels of trans and saturated fats which build up in your liver. Over time, it may weaken your liver functions. Health news from m LIVE WELL, CATS Recruit The first door to your world of opportunities CLA/AUG06/g Bulls and Bears in
      117 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Construction firms get help as costs rise
      714 12  -  More land will be released for integrated precast hubs Reports by MINDY TAN A MULTITUDE of schemes are being rolled out to aid construction firms, which can expect construction costs to go up by 4-6 per cent per project, if they do not
      PHOTO: LIANHE ZAOBAO  -  714 words
    • Article
      Lock icon Making construction more attractive to locals
      298 12 Enhanced CoreTrade scheme will raise supply of skilled local personnel THE enhanced CoreTrade scheme could see wages in the construction industry bumped up, to between $3,000 and $5,000 per month. Under the new registration class of CoreTrade supervisors an extension of the career progression
      298 words
    • Article, Illustration
      Lock icon Strong S’pore-US ties a model for emulation
      838 13  -  US envoy credits the bilateral FTA, calling it America’s most successful trade pact By MALMINDERJIT SINGH STRONG Singapore-US relations are underpinned by a successful commercial relationship, which is a model others can emulate. This is no coincidence, says US ambassador to Singapore David
      838 words
    • Article
      Lock icon SIA to drop Abu Dhabi, Athens flights from October
      215 13 SINGAPORE Airlines will suspend services to Abu Dhabi in the United Arab Emirates (UAE) and Athens in Greece due to sustained weakness on both routes. The airline said yesterday that the last flights to both cities will take off from Singapore
      215 words
    • Article
      Lock icon Retailers, manufacturers can improve consumers’ experience
      307 13  -  By EVE YEO RETAILERS and manufacturers have to work together to improve consumers’ experience and productivity. That was the message of the 13th Efficient Consumer Response (ECR) Asia Pacific conference and exhibition yesterday. Consumers’ experience and productivity can be improved by implementing ECR processes
      307 words
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      202 words
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      5 13 6281 5688 or 6757 4403
      5 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Europe comes to terms with potential ‘Grexit’
      606 14 Topic of Greece leaving eurozone is gradually becoming less taboo AFP [BERLIN] “Akropolis Adieu!” screams the cover of the latest issue of the usually understated Der Spiegel news weekly, a sign that the topic of Greece leaving the eurozone is gradually becoming less
      AFP; BLOOMBERG  -  606 words
    • Article
      Lock icon BOE sees UK inflation above target, slow growth
      440 14 Reuters [LONDON] British inflation is likely to remain above its 2 per cent target for at least another year, while growth will be subdued and vulnerable to the eurozone debt crisis, the Bank of England (BOE) forecast yesterday. The BOE’s forecasts represent
      Reuters  -  440 words
    • Article
      Lock icon Japan machinery orders forecast points to recovery
      291 14 Reuters [TOKYO] Japan’s core machinery orders fell in March as demand moderated, but companies expect orders to grow in the second quarter at their fastest pace in a year a sign that reconstruction after last year’s earthquake may support growth. Even though the
      Reuters  -  291 words
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      2066 14 *ttNAT3 NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices RADIANCE GROUP LIMITED (Company Registration No.: *****2428H) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Radiance Group Limited (the "Company”) will be held at 3 Temasek Boulevard #02-161, Suntec
      2,066 words
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      619 14 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF HEALTHY GLOW PTE LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) Co. Reg. No. *****3265C Extract of the minutes at the Extraordinary General Meeting of members of HEALTHY GLOW PTE LTD convened and held at 20 Cecil Street #12-02
      619 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia expects faster 6.8-7.2% growth next year
      320 15 Natural gas lifting to debut in budget to balance falling crude oil revenue Reuters [JAKARTA] Indonesia’s government expects the economy to expand between 6.8 per cent and 7.2 per cent in 2013 from the more modest 6.5 per cent target of 2012, despite
      Reuters; BLOOMBERG  -  320 words
    • Article
      Lock icon IOI to tap RM4.6b via euro medium-term notes
      362 15 Plantation group gets in-principle approval to list notes on S’pore exchange [KUALA LUMPUR] IOI Corp Bhd is in the process of raising funds of an initial size of US$1.5 billion or RM4.62 billion (S$1.9 billion) via a euro medium-term note (EMTN) programme.
      362 words
    • Article
      Lock icon Malaysia posts 12% rise in Q1 approved investments
      384 15 [KUALA LUMPUR] Malaysia recorded a 12 per cent jump in approved investments in the manufacturing sector in the first quarter of this year compared with the corresponding period last year. Malaysia’s Business Times reported yesterday that the Malaysian Investment Development Authority said
      384 words
    • Article
      Lock icon Jakarta allots 3t rupiah to renewable energy projects
      282 15 Bloomberg, Xinhua [JAKARTA] The Indonesian government will allocate 3.4 trillion rupiah (S$463 million) for financing power projects using renewable energy as the nation seeks to cut fossil fuel consumption for electricity generation. The finance ministry’s government investment agency signed a memorandum of
      Bloomberg,; Xinhua  -  282 words
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      46 15 Refreshing The Straits Times to meet tyour changing needs WAKE UP TO A NEW LOOK TOMORROW 'tO-fy r Of s °4y A*/) y. J5 <Oji f//y p *e. ■ss Wo/ °/A/ GS p o B r 'o Gs Go '3 i BP L B i r
      46 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Rupee slides to record low against US$
      632 16 RBI’s repeated intervention has not stopped the drop to 54.46 per US dollar Reuters [MUMBAI] The Indian rupee hit a record low against the US dollar yesterday as risk aversion in global markets added pressure on a currency already under fire from fiscal
      Reuters; BLOOMBERG  -  632 words
    • Article
      Lock icon Bank regulator looks into lending volatility
      613 16 But it has no plans to change banks’ loan-to-deposit ratio Reuters Bloomberg [BEIJING] China’s bank regulators are examining the causes of volatility in the pace of new lending, but have no plans to make changes to the loan-to-de-posit ratio (LDR) that banks must abide
      Reuters; Bloomberg  -  613 words
    • Article
      Lock icon China likely to have seen capital outflow
      305 16 Bloomberg [BEIJING] China’s central bank and commercial lenders sold more foreign currency than they bought for the first month this year in April, indicating capital may have flowed out of the world’s second biggest economy. Chinese banks sold a net 60.6 billion yuan
      Bloomberg  -  305 words
    • Article
      Lock icon China stays largest US creditor
      475 16 Bloomberg [NEW YORK] China remained the largest foreign US creditor, adding to its holdings in March as the Treasury 10-year note yield reached the highest level since October. China’s holdings rose by 1.3 per cent to US$1.17 trillion, US Treasury Department data released on Tuesday
      Bloomberg  -  475 words
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      810 16 KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NORD/LB Norddeutsche Landesbank Girozentrale Head Office: Friedrichswall 10, ***** Hannover, Germany. Tel: +49 (0) 511 361 0 Fax: +49 (0) 511 361 2502 Singapore Branch: 6 Shenton Way #16-00 DBS Building Tower 2, Singapore *****9. Tel: 6323 1223 Fax: 6323 0223 CONSOLIDATED
      810 words
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      439 16 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF AMAZING WORLDS PTE LTD (Co. Reg. No. *****8124W) NOTICE OF RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members of the above-named Company, duly convened and held at
      439 words
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      31 16 V m *<•' c V, Find properties in Malaysia Whether you're looking to invest or reside in a property in Malaysia, home in on a variety of choice listings. Shafts =14. STPROPERTYsg
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  • WORLD
    • Article, Illustration
      Lock icon Senior judge in charge of Greek govt
      946 17 Bankers dismiss talk of bank run as hundreds of millions of euros withdrawn Reuters [ATHENS] Greece put a senior judge in charge of an emergency government yesterday to lead it to new elections on June 17 as bankers sought to calm public fears
      Reuters; BLOOMBERG  -  946 words
    • Article
      Lock icon BoJ unable to buy JGBs due to supply shortfall
      466 17  -  By ANTHONY ROWLEY in Tokyo THE Bank of Japan (BoJ) ran up against an unusual problem yesterday in its continuing efforts to pump money into the deflating economy via purchases of government bonds when it found there was insufficient supply available
      466 words
    • Article
      Lock icon Shareholders sue JPMorgan Chase over trading loss
      271 17 Reuters [NEW YORK] JPMorgan Chase Co was the target of two separate lawsuits by shareholders yesterday, accusing the bank and its management of excessive risk that led to trading losses of at least US$2 billion. A spokesman for JPMorgan Chase declined to comment
      Reuters  -  271 words
    • Article, Illustration
      Lock icon 1774 French wine sold at auction
      173 17 AFP [GENEVA] A bottle of French wine dating back to 1774 fetched 46,000 Swiss francs (S$61,800) at auction in Geneva on Tuesday. An anonymous Internet buyer purchased the Vin Jaune which hails from Arbois in the eastern Jura region. Sellers Christie’s said that the
      AFP  -  173 words
    • Article, Illustration
      Lock icon Berkshire buys 10m shares in GM
      653 17 It also boosts stakes in DirecTV, Liberty Media, DaVita Inc AP [OMAHA, Nebraska] Warren Buffett’s company is apparently bullish on the US car industry. His company, Berkshire Hathaway Inc, took a new stake of 10 million in shares in General Motors Co (GM) in
      AP; AFP  -  653 words
    • Article
      Lock icon Facebook boosts IPO size by 25%
      759 18 Additional shares will be sold by early investors such as PayPal’s Peter Thiel Reuters [NEW YORK] Facebook Inc increased the size of its initial public offering by almost 25 per cent, and could raise as much as US$16 billion as strong investor demand for
      Reuters  -  759 words
    • Article
      Lock icon BHP sees commodity markets cooling further
      468 18 US$80b plan for coal, energy, metals divisions shelved Reuters [SYDNEY] BHP Billiton said it expects commodity markets to cool further and that investors have lost confidence in the longer-term health of the global economy, in the most cautious outlook taken by the world’s biggest
      Reuters  -  468 words
    • Article, Illustration
      Lock icon My sweet lord, there’s ‘religious’ candy on display
      529 18 AFP [CHICAGO] Can a lollipop wrapped in a Bible verse help people come to Jesus? Can a piece of chocolate bring a moment of bliss? Or how about just a bit of comfort after a bad day? A riot of colours, flavours
      AFP  -  529 words
    • Article, Illustration
      Lock icon Energy giant Total keen to expand in Australia
      565 18 But it sees hurdles in manpower and lively competition AFP [SYDNEY] The head of France’s Total says that the energy giant wants to expand in Australia’s booming resources sector, but warns that a lack of manpower and lively competition could contain its
      AFP  -  565 words
    • Article, Illustration
      Lock icon Hollande gets a lightning start to presidency
      904 19 Post-inauguration trip to Berlin nearly cancelled after plane struck by lightning NYT [BERLIN] The new beginning for the most important relationship in Europe between Chancellor Angela Merkel of Germany and President Francois Hollande of France started on Tuesday with a bolt from the
      NYT; PHOTO: AP  -  904 words
    • Article
      Lock icon US$21 b Asia sales lost to software piracy in ’11
      200 19 AP [SEOUL] Illegal copying of computer programs in Asia cost businesses US$21 billion in lost sales last year and China was on course to set a dubious new record: overtaking the US in losses caused by software piracy. Asia’s figure
      AP  -  200 words
    • Article
      Lock icon Tepco ropes in partners for Aussie gas field deal
      598 19 Mitsubishi, Nippon Yusen join talks for Wheatstone stake Reuters [TOKYO] A group of Japanese firms is in talks to pay US$4.4 billion for a stake in Australia’s Wheatstone gas field that had been set aside for bailed-out nuclear operator Tepco, as
      Reuters  -  598 words
    • Article, Illustration
      Lock icon Cameron govt looking incompetent
      952 20 March budget and Murdoch affair have lost him public support, hurt his reputation Bloomberg [LONDON] Tim Bullivant, a retired chartered accountant from Grafham, England, votes Conservative. He says he’s worried that missteps are thrashing Prime Minister David Cameron’s reputation as a competent leader. With Britain in
      Bloomberg  -  952 words
    • Article, Illustration
      Lock icon Cannes curtain goes up with whimsy, glamour
      705 20 AFP [CANNES, France] Kooky comedy and buffoonery were on the agenda yesterday as the 65th Cannes Film Festival, with its trademark mix of high cinematic art and Hollywood glitz, kicks off on a light note. US director Wes Anderson brings his whimsical touch
      AFP  -  705 words
    • Article
      Lock icon Surprise fall in UK’s April unemployment
      498 20 Jobless claims drop by biggest margin since July 2010 Bloomberg [LONDON] UK unemployment unexpectedly fell in April as companies created jobs, providing further evidence that the labour market is stabilising. Jobless-benefit claims fell by 13,700 from March, the biggest fall since July 2010, to
      Bloomberg  -  498 words
    • Article
      Lock icon EU banks meet to discuss rating agencies: sources
      380 20 Reuters [FRANKFURT] Around 20 of Europe’s biggest banks are to discuss plans to challenge the dominance of the top three credit ratings agencies, people familiar with the matter told Reuters. The plans were to be discussed among other topics in Frankfurt yesterday
      Reuters  -  380 words
  • Page 17 Advertisements
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      32 17 r> •£43* J V THE LEADING,BUNGALOW SPECIALIST lUcHHIiW^tW Tanglin Land 17,000 to 25.000SF (An ensemble of 3 prestigious home) Bishopsgate Land 15,000 to 20,000SF 3 exclusive house, perfect for extended family) o
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  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      1154 19 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices KBC Bank N.V. (Incorporated in Belgium) Consolidated Annual Accounts As At 31 December 2011 STATUTORY AUDITOR'S REPORT TO THE GENERAL MEETING OF SHAREHOLDERS OF KBC BANK NV ON THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2011 In accordance with
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  • SINGAPORE ARTS FESTIVAL
    • Article, Illustration
      Lock icon Fangs for the memories
      674 21  -  Two plays centred on vampires will be staged in Singapore, reportsHELMI YUSOF reportsHELMI HELMI YUSOF IF there was ever a time to carry a wooden stake around with you, this would be it. Vampires have come to town and they’re planning to take over Singapore. One
      674 words
    • Article, Illustration
      Lock icon Works that are part concept art, part reality check
      484 21  -  By RACHEL AU-YONG THIS is not a theatre piece where the audience gets to sit down throughout. In fact, expect to be on your feet most of the time if you watch any one of the three Parallel Cities works. In
      484 words
  • Page 21 Advertisements
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      2553 21 DAVID CONNER Outgoing OCBC chief exec to receive $11.5m PAGE 6 AIR CARGO $15m boost from Changi Airport PAGE 23 BizIT Young start-up diving into travel industry’s deep waters PAGE 31 CENTA-MILLIONAIRES Tally of wealthy Asians overtakes N Americans PAGE 17 THEBUSINESSTIMES S$1.00 online at http://www.businesstimes.com.sg CO R GN NO
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  • EDITORIAL & OPINION
    • Article
      Lock icon Beware when a bank gets too big
      514 22 EDITORIAL JPMORGAN Chase’s US$2 billion loss last week from trades gone wrong came as something of a surprise to the financial world and, apparently, to the bank itself. That the firm which popularised one of the financial industry’s most widely used measures of
      514 words
    • Article, Illustration
      Lock icon Fractious N-E Asia could learn from Asean
      774 22  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent IT is impossible not to be impressed by the relatively mature way in which Asean states seem to handle diplomatic and economic relations among themselves compared to the fractiousness and friction that characterises intraregional relations in
      774 words
    • Article, Illustration
      Lock icon Production costs a key factor in Europe crisis
      1083 22  -  Productivity gains in south Europe should accelerate, wages in the north should rise faster By KEMAL DERVIS Kemal Dervis, a former minister of economic affairs in Turkey, administrator of the United Nations Development Program and vice-president of the World Bank, is currently
      AP  -  1,083 words
    • Article, Illustration
      Lock icon Contrarian thinking for wealth creation
      1602 23  -  The ability to think outside the box can mean the difference between spotting opportunities and seeing obstacles By NGIAM TONG DOW The writer is a former permanent secretary who has served in several ministries and statutory boards, as well as corporate boards. This is an
      AP  -  1,602 words
    • Article, Illustration
      Lock icon The danger of letting banks measure their own risks
      751 23  -  REUTERS BREAKINGVIEWS By PETER THAL LARSEN JPMORGAN may have dealt a fatal blow to Value-at-Risk (VAR). The tool for gauging banks’ trading exposures had already been wounded by the credit crunch. Now, the US bank’s US$2 billion loss gives regulators a
      AP  -  751 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon AirAsia’s Q1 results seen bucking trend
      725 24  -  Am Research pegs ‘fair’ value at RM4.20, 17% above current share price By S JAYASANKARAN in Kuala Lumpur A MALAYSIAN bank’s research unit has predicted that budget carrier AirAsia will surprise the market on the upside in its first-quar-ter results due on May 23
      AFP  -  725 words
    • Article
      Lock icon MISC posts Q1 loss of RM410m
      395 24  -  By PAULINE NG in Kuala Lumpur MISC Bhd has posted a loss of RM410 million (S$167 million) for the first three months to end-March on the back of more red ink bled by its lining business as well as additional impairment and liner exit
      395 words
    • Article, Illustration
      Lock icon Boeing pledges to maintain 737 margins
      631 24 Bloomberg [DALLAS] Boeing has pledged to cut expenses to maintain profit margins on the latest version of the top-selling 737 jet, countering “predatory pricing” on the new A320neo from Airbus SAS. Pressure from Airbus means Boeing will have to offer terms that “are responsive
      Bloomberg  -  631 words
    • Article
      Lock icon TRANSPORT STOCKS
      251 24 SGX '000 May 16 S$ +/-Vol CH Offshore 0.41 -0.01 670 Chuan Hup Hldg 0.22 unch 85 Cosco Corp 0.91 -0.02 4705 s$ Ezra Hldgs 1.01 -0.02 9721 First Ship Lea 0.19 unch 172 Freight Links 0.06 unch 1949 Grand Banks unch unch 0 Jaya Hold Ltd 0.54
      251 words
    • Article
      Lock icon Maersk’s cautious outlook hurts shares
      330 24 Reuters [COPENHAGEN] Danish shipping and oil group AP Moller-Maersk yesterday struck a cautious tone on the recovery in freight rates, knocking its shares despite a forecast-beating rise in first-quarter profit driven by its oil and gas business. Shares in the group, whose Maersk Line is
      Reuters  -  330 words
    • Article
      Lock icon Airbus A380 wing cracks weigh on deliveries
      354 24 Bloomberg [PARIS] European Aeronautic Defence and Space Co has cautioned that delivering 30 Airbus A380 superjumbos this year will be a challenge and that fixing wing cracks on the double-decker airliner will occupy the company for years. EADS booked 158 million euros (S$255
      Bloomberg  -  354 words
    • Article
      Lock icon The Business Times Shipping times
      2135 25 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN
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  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      319 24 CRYPTIC CROSSWORD Across 1 Chap getting on got by (7) 5 University department not OK, catching cold (7) 9 Women getting in quantity of medicine look for water (5) 10 Millions entertained by relation performing circus act (4-5) 11 Dawn French initially confused this girl with bit of teasing (5,5)
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2681 26 Transaction date: May 16 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 123 92.5 AIMSAMPIReit 114.5 -2 989 116 113.5
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    • Article
      Lock icon SGX CATALIST
      244 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 4.6 1.3 t Advanced System 2.6 unch 187 2.6 2.5 2.5 2.6 34.4 Last Quote Div Gr Yld Net M Cap High
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7825 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 0.938/ Global Emerging Markets!** Global
      7,825 words
    • Article
      Lock icon GLOBALQUOTE
      193 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46 25.5 Genting HK US$ US32 -1 5856 32.5 31 31.5 32 2107 Last 201 168 TanChongInt HK189cd -1 144 190 189 185 190 4.3 3.7
      193 words
    • Article
      Lock icon SGX ETF
      936 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 96.8 CIMB APAC Div 100US$ US96.8 -2.2 5 96.8 96.8 97 97.7 10.2 1261 856 CIMBAsean40 100US$ US978 -42 5 985 978 977 981 153.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      616 28 May 16 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8865.78 8883.73 8756.07 Jun12 8950.00 8965.00 8740.00 8745.00 *****8 *****5 Sep12 8940.00 8940.00 8765.00 8740.00 463 8760 MSCI TAIWAN INDEX FUTURES SPOT 263.28 264.09 257.77 May12 263.90 264.60 258.20 258.60 ***** *****4 Jun12 263.50 263.50
      616 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr May 15 Index Change Change Change Change Change Change World Preliminary 859.0 -0.1 3.5 -0.2 0.2 -0.3 3.2 EAFE Preliminary 683.4 -0.7 0.2 -1.0 -3.6 -1.1 -0.7 Europe Preliminary 1008.0 -0.6 -1.8
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      129 28 As on 15 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1562.90 1549.30 1557.20 213 CURRENCY AUD-USD FUT JUN2012 .9970 .9921 .9926 1576 EUR-USD FUT JUN2012 1.2871 1.2761 1.2742 2754 BASE METAL COPPER FUT JUL2012 7839 7723 7756 2224
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    • Article
      Lock icon CHICAGO BOT
      107 28 May 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1413.00 1390.00 1415.75 1380.00 Jul 12 1393.75 1387.00 1396.00 1367.00 Aug 12 1340.00 1375.75 1347.00 1324.00 Sep 12 1305.00 1326.75 1312.25 1290.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 51.47
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 28 CRUDE OIL PRODUCTS May 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.11 0.55 WTI (Near Mth) 93.25 -1.18 Dubai (1-Mth F) 107.78 0.90 Tapis blend 118.44 1.02 Minas 118.24 1.02 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.11 -0.72 Jet Kerosene 124.05 0.23 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 May 16 S$ Bid Offer 1-month 1.2691 1.2693 2-months 1.2690 1.2692 3-months 1.2688 1.2691 6-months 1.2680 1.2683 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 28 May 15 May 15 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1983.25 1983.00 3 months 2025.00 2025.00 Copper, Grade A(US$/tonne) Cash 7798.00 7900.00 3 months 7765.00 7840.00 Lead(US$/tonne) Cash 1997.50 2028.00 3 months 2008.00 2036.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
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    • Article
      Lock icon LIFFE
      80 28 May 15 COCOA (£/tonne) Close Prev High/Low May 12 1548 1526 1553/1518 Jul 12 1509 1504 1518/1494 Sep 12 1502 1497 1510/1488 Dec 12 1490 1483 1496/1474 COFFEE(US$/tonne) Close Prev High/Low May 12 2127 2116 2128/2118 Jul 12 2167 2136 2171/2138 Sep 12 2165 2135 2168/2139 Nov 12 2162
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1235 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 150 316 9.25 24 Conv Ratio Baker Technology Ltd W*****6 1 -0.1 5 1 32 22 27.00 6 Best World Intl Ltd W*****5 0.6 1 30
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 28 May 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.001 6.260 0.778 7.689 53.778 91.824 0.795 11.546 3.082 1.295 89.948 42.589 1.256 8.249 0.935 29.311 31.177 0.620 0.990 Canada 0.999 6.253
      470 words
    • Article
      Lock icon SIBOR
      57 28 May 16 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 28 May 16 May Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2558 1.2566 0.9895 0.9900 Canadian dollar 1.2545 1.2552 0.9885 0.9889 Euro 1.6135 1.6140 1.2714 1.2716 NZ dollar 0.9698 0.9708 0.7642 0.7648 Sterling pound 2.0246 2.0253 1.5953
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    • Article
      Lock icon PRECIOUS METALS
      139 28 May 16 GOLD(US$/oz) May 15 May 16 Hong Kong 1566.00 1543.00 May 16 May 14 May 15 London 1562.28 1552.11 1563.12 1552.88 Source: Thomson Reuters GOLD BULLION COINS (S$) Selling Buying 1 oz 2176 1963 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $765.00 627 SILVER Selling Buying
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    • Article
      Lock icon GOVERNMENT SECURITIES TREASURY BILLS
      90 28 May 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 16-Aug-12 0.28 0.25 0.25 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.06 5-Year N*****0Z 2.375 01-Apr-17 108.88
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    • Article
      Lock icon PALM OIL
      58 28 May 16 May KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 3227.0 3229.0 3240.0 3083.0 1679 9987 Jul 12 3197.0 3225.0 3235.0 3061.0 ***** ***** Aug 12 3187.0 3209.0 3226.0 3052.0 ***** ***** Sep 12 3187.0
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      124 28 As at 9am May 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.285 1.224 Can dollar 1.283 1.222 Euro 1.645 1.567 Sterling pound 2.056 1.977 NZ dollar 0.998 0.951 US dollar 1.281 1.232 Local dollars to 100 units of foreign
      124 words
    • Article
      Lock icon INTERBANK RATES
      155 28 May 16 May $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85
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  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon S’pore piracy rate falls but dollar value rises
      664 29  -  Value of pirated software last year reached US$255m, eclipsing 2010’s US$233m, reports CLEMENT TEO reportsCLEMENT CLEMENT TEO THE Business Software Alliance (BSA) has found that the value of pirated software in Singapore last year reached US$255 million, eclipsing 2010’s figure of US$233
      664 words
    • Article, Illustration
      Lock icon Sony goes Android for Walkman series
      285 29  -  By JOSHUA TAN ANDROID users looking for a new music player more similar to their smartphones now have more cause for cheer, following the launch of Sony’s first Walkman device running on the Android operating system. The Walkman is Sony’s trademark name for its
      285 words
    • Article
      Lock icon Want to try on a dress, virtually?
      792 29  -  Technology hogs the limelight at fashion summit By JOSHUA TAN TECHNOLOGY should play an important role in fashion retail today to address the vast potential for retailers to improve the in-store experience for shoppers, said experts at the Asia Fashion Summit earlier this
      792 words
    • Article
      Lock icon Internet Society opens Asia-Pac bureau here
      304 29  -  By AMANDA EBER INTERNET freedom advocacy group Internet Society has opened its Asia-Pacific bureau in Singapore, it announced officially on Monday. This move is aimed at strengthening its advocacy efforts towards Internet freedom and security, it said. The international non-profit currently has 20 chapters,
      304 words
    • Article
      Lock icon Huawei claims half of global 4G market
      503 29 EJ Insight [HONG KONG] Huawei Technologies Co Ltd, China’s biggest telecommunications equipment maker, is reaping the rewards of being a first mover in the fourth-generation mobile network business. The Shenzhen-based technology firm has secured 50 per cent of the global 4G market as
      EJ Insight  -  503 words
    • Article
      Lock icon Facebook needs to reward investors
      481 29 Post IPO, it has to keep growing to enrich shareholders AP [SAN FRANCISCO] Mark Zuckerberg, Facebook’s chief, has managed to amass more information about more people than anyone else in history. Now what? As Facebook turns to Wall Street in the biggest public offering ever
      AP  -  481 words
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  • PROPERTY
    • Article, Illustration
      Lock icon China’s Hong Kong home-buying spree wanes: Midland
      427 30 [HONG KONG] Mainland Chinese investors accounted for a smaller percentage of Hong Kong’s new home sales for a second quarter as the nation’s banks tightened lending while local buyers returned to the market, Midland Holdings Ltd said. Mainland purchasers made up 36.8 per
      AFP  -  427 words
    • Article
      Lock icon Househunt
      1475 30 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 24 WITH CONTRACT DATES BETWEEN APRIL 18 AND APRIL 24, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED People's Park Cplx Apt 19/04/2012 99 1119 950 849 District 2 NON-LANDED Eon
      1,475 words
    • Article
      Lock icon S’pore office rents dip 1%; still 3rd highest in Asia-Pac
      605 31  -  Only HK and Tokyo higher; gross rents fell on economic uncertainties By LIM WEI SHENG PRIME office rents in Singapore are the third highest among 28 cities in the Asia-Pacific region for the first quarter of this year, according to
      605 words
    • Article, Illustration
      Lock icon Two new hotels in Far East Square revamp
      476 32  -  Project will join site with China Square Central and Great Eastern Centre By KALPANA RASHIWALA FAR East Organization plans to develop two hotels within its Far East Square project in the China Square location. A 37-room designer boutique hotel will be converted
      476 words
    • Article
      Lock icon China’s instant buildings save energy, time
      642 32 Reuters [YUEYANG, China] As a crane lowered a steel-and-concrete slab onto support pillars, construction workers swarmed around to bolt it down a choreography of mad-dash steps against a backdrop of firecrackers, and a sacrificed cow, to herald China’s latest “instant building”. The three-story structure,
      Reuters  -  642 words
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      122 30 FOR SALE Perth CBD Office Building Suit Owner Occupier or Investor 10 Victoria Avenue, Perth, Western Australia NLA of 1,596sqm* over three levels Secure undercroft car parking Currently leased at AUD $812,068 net p.a. Vacant possession potential in Sep 2012 Rare opportunity for whole or part owner occupation Strong investment
      122 words
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      Lock icon Page 30 Advertisements Column 2
      145 30 FOR SALE BY TENDER HDB HUB PIE THOMSON KEMAMAN VIEW FREEHOLD BALESTIER CITY FRINGE RESIDENTIAL SITE Land Size: 1,615.4 sqm (17,388 sqft approx) Master Plan 2008: GPR of 2.8; Up to 36 Storeys Good Connectivity via PIE and CTE 5 -10 minutes walk to Toa Payoh MRT Near Zhongshan Park,
      145 words
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      Lock icon Page 30 Advertisements Column 3
      168 30 International Property Group Pte Ltd A Singapore based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region of Singapore. We deal with the following types of assets 3 4 Star Hotels I Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses Strata Office Units Retail Space
      168 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      463 31 FOR SALE BY TENDER MACRITCHIE RESERVOIR LOWER PIERCE RESERVOIR PRESTIGIOUS ISLAND COUNTRY CLUB CROWN JEWEL OF THOMSON... THOMSON VIEW RARE DISTRICT 20 RESIDENTIAL SITE THOMSON VIEW “Commanding panoramic views of Nature Reserves, Prestigious Golf Courses and CBD Cityscape...” TenderClosingDate:22 May 2012 (Tue) 3pm Jeffrey Goh 9824 1292 6559 8871 (Email:
      463 words
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      Lock icon Page 31 Advertisements Column 2
      374 31 Two Superb London Investment Opportunities CARLTON PLACE Maida Vale Borders, London NW6 Stylish 1 and 2 bedroom apartments Most apartments include private balconies, terraces or gardens Walk to Queen's Park Maida Vale (Bakerloo) underground stations 250 year leasehold, 10 year building warranty Security service Entry phone system Estimated rental yield
      374 words
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